How to tax surplus assets?

corporation tax

Today's comic shows how income tax can be taught from the earliest age. I wonder, who of us tells their kids fairy tales full of tax or accounting topics? It is said that the new core curriculum for primary schools is supposed to contain elements of accounting such as cash flow statements, impairment tests and accounting treatment of leasing. In junior high schools kids are to be taught how to complete personal income tax returns while corporate tax optimization will be taught in senior high schools. 

Tags: net operating cash flow impairment of assets UK income tax

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